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(Reuters) -Waymo said on Monday it will launch its robotaxi service in Las Vegas, San Diego and Detroit next year, marking its biggest geographic expansion yet. The Alphabet unit will also start driving its new Zeekr-built vehicles this week, alongside its existing Jaguar I-PACE fleet, it added. The new Zeekr model, developed with Chinese automaker …

Waymo to expand robotaxi service to Las Vegas, San Diego and Detroit next year Read More »

By Niket Nishant and Manya Saini (Reuters) -Investors are overlooking mounting risks to the current market stability and the limits of the artificial intelligence boom, particularly in the United States, Bridgewater Associates’ co-chief investment officers said in a note to clients on Monday. While major technology firms have poured billions into AI and its supporting …

Bridgewater CIOs warn investors are underpricing risks to AI-fueled rally in S&P Read More »

By Blake Brittain (Reuters) -Technology licensing company Adeia filed two lawsuits against Advanced Micro Devices in Texas federal court on Monday for allegedly infringing ten patents related to semiconductor innovations. The lawsuits said several models of AMD processors used in desktops, laptops and servers violate Adeia’s patent rights in inventions for improved semiconductor manufacturing. Spokespeople …

Adeia sues AMD for patent infringement over semiconductor technology Read More »

(Reuters) -Ford on Monday reported a 1.6% rise in U.S. sales in October, as a rise in demand for pickup trucks offset falling electric vehicle volumes. U.S. President Donald Trump’s tax and spending bill ended the $7,500 tax credits for new EV purchases last month, leading to a temporary surge in sales during the third …

Ford’s US October sales rise on demand for pickup trucks despite EV decline Read More »

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The U.S. Treasury is widely expected this week to announce its intention to keep note and bond auction sizes unchanged over the next 12 months, at least, as it likely continues to issue more bills and shorter-term debt to manage a sizable fiscal deficit. The Treasury will release its …

No surprises seen in US debt issuance: T-Bills up, bonds steady Read More »

(Reuters) -Onsemi beat Wall Street estimates for third-quarter revenue and profit on Monday, helped by an artificial intelligence boom that has boosted demand for its chips used in data centers. The company’s products that manage power consumption in AI data centers have shown growth, even as automotive clients are spending cautiously on the company’s silicon …

Chipmaker Onsemi beats quarterly estimates on AI-driven demand Read More »

SAO PAULO (Reuters) -Brazilian state-run oil firm Petrobras said on Monday that its board of directors has approved a new voluntary redundancy program targeting about 1,100 people. “The financial impact will be recognized in the financial statements as participation in the program becomes effective,” Petrobras said in a securities filing, adding that the terminations are …

Petrobras approves redundancy program targeting 1,100 workers Read More »

By Matt Tracy WASHINGTON (Reuters) -Lending platform Pagaya Technologies on Monday announced an agreement to sell up to $500 million of its auto loans to asset-based private credit manager Castlelake. In a statement, New York City-based Pagaya said the deal “has the potential to significantly accelerate Pagaya’s auto lending platform.” The firms reached a forward …

Pagaya, Castlelake reach deal for up to $500 million in auto loans Read More »